In an interview with Insights Success, Mahe Bayireddi, CEO and Co-founder of Phenom People, shares his experience and gives resourceful insights on the HCM industry developments. In addition to this he has also noted about Phenom People, its products and vision.
Below are the highlights of the interview conducted between Mahe and Insights Success:
Give a brief overview of the company, its solutions and services?
The purpose of Phenom People is to help a billion people find the right job. They are doing that with the Phenom People TRM Platform that is made up of a hyper-personalized career site combined with tools used by recruiters like real-time candidate relationship management (CRM), content management system, talent analytics, and chat bots. The entire platform uses artificial intelligence to drive the chat bots, personalization, candidate scoring, and more.
How do you diversify human capital management solutions so that it will benefit your customers?
Most of the HCM solutions available in the market focus on only one aspect of human resources or talent acquisition effectively. Whereas, Phenom People handles multiple aspects of the talent acquisition process starts from passive candidate detection to a hyper-personalized career site, and from a real-time CRM incorporating talent signals to internal mobility.
Give a detailed explanation regarding the CEO’s influence towards the industry and the company?
Mahe was named as Best CEO of 2018 for Women and Diversity by Comparably. His leadership style has helped to shape and scale the company in a positive way. With a high EQ, Mahe has focused on building a company culture that is inclusive, diverse, and unique. The company has tripled in size in the past two years, he is still actively involved in the daily business practices, hiring of key personnel, and he’s always provided an open door for employees to ask questions, get feedback, and gain insights.
Describe the experiences, achievements or lessons learnt that have shaped the journey of the company.
Prior to 2015, the company was known as iMomentous, and the product focus was mainly on mobile career sites. Some of the best experiences and lessons learnt previously, have stimulated as a result of rebranding and building out the TRM Platform to create a more robust product offering for our customers.
When it comes to achievements, we’ve received numerous accolades both for our products and culture that includes, in 2018; we successfully raised $22 million in Series B funding. We were also recognized as one of the fastest-growing software companies on the 2017 Inc. 5000 List, ranking at 277 with a three-year sales growth of 1,580.48 percent. We named as Best SaaS Newcomer by the SaaS Awards, Best Employer of 2017 by the Stevie Awards, and Cool Vendor in Human Capital Management of 2017 by Gartner. We grab the 2017 TekTonic Award by HRO Today Magazine. In addition to this we received national recognition as a 2018 Great Workplace by Great Place to Work, and locally recognized by Philly.com and the Philadelphia Business Journal as a Best Place to Work for 2018.
How does the company contribute towards making the industry better?
Phenom People’s goal is to make the process of acquiring talent an intuitive one by collecting and analyzing talent signals to provide deep insights into a candidate’s intent. The Phenom People Platform consolidates the HR tech stack resulting in more actionable data and a better experience for candidates, recruiters, hiring managers, and talent acquisition leaders.
Where does Phenom People see itself in the long run and/or what are its future goals?
Phenom People is continuing to diversify and expand its product offering. The future goals include leveraging conversational commerce and talent signals to help take talent acquisition to the next level. We want to continue to develop and dominate the TRM category within the HR technology industry.
Considering the rising number of human capital management solution providers, how does Phenom People stand out from its competitors?
There are a couple of things that make Phenom People stand out amongst its competitors. By utilizing talent signals across the entire candidate and employee journey, the Phenom People is able to deliver candidate quality. This is accomplished by attracting and identifying more of the right candidates utilizing artificial intelligence for personalization as well as candidate interest, timing, and fit.
Give us a few testimonials of your clients that accurately highlight Phenom People’s position in the market.
“Every time the candidate comes to the website, they have a unique experience. It remembers you. It allows you to use your LinkedIn profile.” – Shelia Gray, Global Talent Acquisition Leader at GE Appliances
“We are excited to launch our new career site with Phenom People. With thousands of applicants for multiple positions across the globe, we are confident that the new career site provides a look, feel, functionality, and experience that is second-to-none for our candidates. We look forward to seeing the full impact of the launch in the upcoming months as we continue to add capabilities and enhanced experiences.” – Justin Thenutai, Senior Director of Global Talent Acquisition Excellence at Microsoft
